Citigroup Reinstates Buy on Rocket Lab USA, Announces $6 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Gursky reinstated Rocket Lab USA (RKLB) with a Buy rating and set a price target of $6.

February 12, 2024 | 12:24 pm
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Citigroup analyst Jason Gursky reinstated Rocket Lab USA with a Buy rating and set a price target of $6.
The reinstatement of a Buy rating by a major financial institution like Citigroup, coupled with a specific price target, typically signals a positive outlook on the stock's future performance. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
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